Chain Store: Definition & Overview

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is the best explanation of a chain store?

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1. Why are multiple locations advantageous to a chain store?

2. What's a private label?

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About This Quiz & Worksheet

Chain stores, familiar sights throughout much of the world, are retail operations with two or more sites under the same ownership that offer the same lines of merchandise. This quiz/worksheet combo will help you understand some of the key characteristics that have made the chain store a major player in the retail industry.

Quiz & Worksheet Goals

In these assessments, you'll be tested on:

  • The definition of a chain store
  • The advantages of multiple locations
  • Purchasing advantages of chain stores
  • The definition of a private label
  • Chain store benefits for consumers

Skills Practiced

This quiz and worksheet lets students practice the following skills:

  • Knowledge application - use your knowledge to answer questions on the advantages of the chain store model in retailing
  • Defining key concepts - ensure that you can accurately define key terms, such as economies of scale and private label
  • Making connections - examine the types of advantages employees might find working for a chain store
  • Critical thinking - use your knowledge of chain stores to examine how they may affect individual craftsmen, single-store retailers and other small local businesses

Additional Learning

To learn more, review the accompanying lesson on the characteristics of chain stores. This lesson covers the following objectives:

  • Define chain store
  • Understand the advantages of chain stores for retailers
  • Define economies of scale
  • Understand the advantages chain stores offer consumers
  • Understand the difference between a chain store and a franchise
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